Energy

Cyprus has the second lowest hike in electricity costs in the EU and was among the first member states to adopt the 10 per cent reduction measure, Energy Minister Natasa Pilides ...

Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships held on October 21. The sectors ...

Qatar’s emir created an environment and climate change ministry on Tuesday and appointed Ali Bin Ahmad Al-Kuwari as finance minister, a role he had held in an acting capacity ...

Cyprus, Greece and Egypt signed a tripartite Memorandum of Understanding (MoU) to connect their respective electricity grids in Athens on Tuesday, with the Greek premier calling the emerging alliance among ...

With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as ...

The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet because it is still awaiting clearance from Germany’s energy regulator. ...

President Nicos Anastasiades on Friday urged vulnerable consumers to make use of existing incentives that offer up to a 20 per cent discount on their electricity bills, as he took stock ...

The Apollonion Private Hospital in Nicosia has officially been acquired by the American investment fund CVC Capital Partners. The signing of the contract and the completion of the acquisition was ...

Oil prices rose 2 per cent on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and ...

Saudi Aramco (2222.SE) has asked banks to arrange a loan expected to be in the $12 billion-14 billion range that it plans to offer to buyers of its gas pipeline network, ...

Gazprom’s (GAZP.MM) Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the ...

Britain’s government bond market is showing signs of strain from the country’s energy crisis, with headlines about gas prices sparking heavy selling this week – a new development that ...

France and Spain called on Monday for a coordinated European response to the surge in global energy prices to protect the poorest citizens and the competitiveness of companies, and to ...

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have ...

OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, at a time when oil pricesare near ...

China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s no. 2 economy grapple with ...

Saudi Arabia plans to issue green bonds soon, an official said on Monday, as the oil-producing kingdom seeks to embrace environmental, social and governance (ESG) concerns to expand its investor ...

Soaring gas prices as winter approaches are evidence that the European Union needs to work out a long-term energy security plan, the head of Italy’s Eni (ENI.MI) has ...

Cyprus is moving closer to its goal to end energy isolation, with significant developments concerning electricity interconnections with its neighbouring countries. According to Cyprus News Agency (CNA) sources, developments on ...

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such ...

Cyprus is working towards an efficient, greener and value-oriented industry sector, Minister of Energy, Commerce and Industry Natasa Pilides said on Monday. “We are one step closer to the industry ...

Norway will allow state-controlled Equinor (EQNR.OL) and its partners to increase gas exports from two offshore fields for the next 12 months amid concerns over a shortage of European gas ...

French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions. The loss-making ...

Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in at lower prices, and face ...